Modern technology can take a huge load off your shoulders — automating routine tasks, streamlining workflows, and keeping your business safe and efficient. Here are six useful innovations that every small business owner should consider adopting (if you haven’t already).
Starting a business is a major life decision filled with many moving parts. Beyond coming up with an idea, you’ll need a solid business plan and enough capital to bring that idea to life — ideally without going into debt. The best-case scenario is a business that requires little initial investment to get off the ground. Here are four proven ways to find funding for your small business.
A lack of a clear management style often signals a lack of direction. Key elements of business success — sales, customer service, innovation, and team leadership — depend on how well you understand yourself and the methods you use to manage others. Let’s look at the five most common management styles to help you identify your own and use it effectively.
Michael Ellsberg, author of The Education of Millionaires, writes:
“You’ve been taught a false belief. You were told that if you study hard in school, get into a good university, and graduate successfully, you’re guaranteed success in life. But the world doesn’t work that way anymore. If you want to thrive in today’s world, you need to focus on developing practical, real-world skills.”
There are countless opportunities for small businesses — you just need to know where to look. Here are some of Jeffrey Fox’s best strategies for finding your next big idea.
Opportunities for small businesses are everywhere — you just need to know where to look.
Below are practical and time-tested ways to find your next big idea.
If you want your ideas to bring real financial results, follow these six essential steps.
Jack Ma, the founder of Alibaba, once said:
“Poor people are the hardest to satisfy.
Give them something for free — they’ll think it’s a trap.
Tell them it’s just a small investment — they’ll say the profit is too low.
Ask them to invest big — they’ll say they don’t have money.
Suggest they try something new — they’ll say they lack experience.
Offer them a traditional business — they’ll say it’s too hard.
Introduce a new business model — they’ll say it’s a scam.
Tell them to open a store — they’ll say they’ll lose their freedom.
Tell them to start their own business — they’ll say there’s no proof it’ll work.”
